2merkato

The Ethiopian Airlines said it had changed its plan to purchase Bombardier aircraft.

It was reported last week that the airlines was holding talks with representatives of Bombardier, the Canadian airframer, for the purchase of additional Q400 aircraft which are known for less emission and noise.

Tewolde Gebremariam, CEO of Ethiopian said that after a series of managerial meetings the airlines had decided to conduct a market study to determine what type of aircraft it needs to buy and how many.

Ethiopia had chosen Lazard as financial adviser to arrange a series of fixed income investor meetings for a non-deal roadshow in the UK and US in association with Deutsche Bank and JP Morgan.

In efforts to shift from farming and become a hub for textile and other industries Ethiopia will start setting up a new industrial park in the coming September and expand existing ones at a total cost of U.S $ 250 Million.

Ethiopia is working together with China to tap its potentials in the digital economy, online trading, and supply chain development, Ambassador Teshome Toga revealed. According to the Ambassador, the cooperation on these sectors was independent of the Belt and Road Initiative (BRI).

During an interview with Xinhua in early July this year, Huria Ali, State Minister of the Ministry of Innovation and Technology, related that Ethiopia and China were enjoying growing cooperation in the digital economy sector as giant Chinese companies introduced advanced telecom technologies to Ethiopia. “When we say we will build a digital Ethiopia, it does not mean we will do it by ourselves but with the support of our partners”, she stated.

The Ethiopian Investment Commission (EIC) has launched a new project to attract investment in the country's agro-processing sector. The project, which is supported by the International Finance Corporation (IFC), will focus on lead generation, outreach, follow-up, and conversion.